A análise fundamentalista para formação de carteira de investimentos na B3 : o caso da Cia Vale do Rio Doce

Abstract

The presente study aimed to verify wheter the analysis of the financial statements in the formation of a portfolio of shares in B3 is suficiente to obtain consistente financial returns for the investor, approaching the fundamentalist analysis as a presupposition of this work, through the analysis of the data extracted from the balance sheet and statements of results of Cia Vale do Rio Doce. The methodology adopted was descriptive, with analysis, recording and interpretation of data, with no interference from the author in the collected data. It has a bibliographical, documental character, with a qualitative and quantitative approach. The data collected from tha analyzed company show that fundamental analysis is one of the methodologies with a high level of assertiveness in the long term, as it is based not on the market value of the asset, but on the fundamentals of the company that one intends to invest in, determining the price fairness of the asset, its degree of importance, quality, governance, among others.